Canada Revenue Cycle Management Market Size & Outlook
Canada revenue cycle management market, 2018-2030 (US$M)
Related Markets
Canada revenue cycle management market highlights
- The Canada revenue cycle management market generated a revenue of USD 13.3 million in 2023 and is expected to reach USD 29.1 million by 2030.
- The Canada market is expected to grow at a CAGR of 11.8% from 2024 to 2030.
- In terms of segment, integrated was the largest revenue generating type in 2023.
- Integrated is the most lucrative type segment registering the fastest growth during the forecast period.
Revenue cycle management market data book summary
| Market revenue in 2023 | USD 13.3 million |
| Market revenue in 2030 | USD 29.1 million |
| Growth rate | 11.8% (CAGR from 2023 to 2030) |
| Largest segment | Integrated |
| Fastest growing segment | Integrated |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Integrated, Standalone |
| Key market players worldwide | The SSI Group, Veradigm Inc, Athenahealth, Experian PLC, R1 RCM Inc, Epic Systems Corporation, McKesson Corp, NXGN, CareCloud Inc, Quest Diagnostics Inc, Oracle Corp |
Other key industry trends
- In terms of revenue, Canada accounted for 4.3% of the global revenue cycle management market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. revenue cycle management market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 29.1 million by 2030.
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Revenue Cycle Management Market Scope
Revenue Cycle Management Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada revenue cycle management market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to revenue cycle management market will help companies and investors design strategic landscapes.
Integrated was the largest segment with a revenue share of 73.68% in 2023. Horizon Databook has segmented the Canada revenue cycle management market based on integrated, standalone covering the revenue growth of each sub-segment from 2018 to 2030.
Supportive government policies for deployment of HIT solutions, availability of sound IT infrastructure, and high digital literacy are some of the major factors contributing market growth in this region.
For instance, in Canada, The Centre for the Future of Health (CFH) promotes Digital Health with the agenda of integrating information technology, including electronic communication tools, into healthcare networks to facilitate better health.
This is likely to bolster the HIT systems, such as RCM. Moreover, the presence of organizations such as the Canadian Health Information Management Association (CHIMA), which supports and advocates strengthening of health information management in healthcare networks, is also likely to spur market growth over the forecast period.
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Target buyers of Canada revenue cycle management market databook
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Our clientele includes a mix of revenue cycle management market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Canada revenue cycle management market , including forecasts for subscribers. This country databook contains high-level insights into Canada revenue cycle management market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada revenue cycle management market size, by type, 2018-2030 (US$M)
Canada Revenue Cycle Management Market Outlook Share, 2023 & 2030 (US$M)
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